Steps to Complete Loan Process

  1. Students accept loans on their MySJSU. For step-by-step instructions on how to accept loans, view Accepting a Federal Direct Stafford Loan.
  2. Within 3-5 days of accepting loans, students will be directed to complete the following on-line items:
      • Entrance Loan Counseling (ELC). For first time student loan borrowers at SJSU, students must complete the on-line ELC session prior to receiving their first loan disbursement. There are no exceptions to this federal requirement. Make sure San José State is selected as your school when completing ELC.
      • Master Promissory Note (MPN). Students MUST eSign the MPN prior to receiving a loan disbursement. Under the Federal Direct Loan Program, the MPN must be signed every 10 years.